08/08/2019 - 06:43

Morning Headlines

08/08/2019 - 06:43

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A vow to stay cutting edge

Seven Group managing director Ryan Stokes says the Australian mining industry is a global leader in developing and adopting technology and innovation that will sustain and strengthen it for years. The West

Woolworths CEO defends collectables

Woolworths chief executive Brad Banducci says collectables programs are worth the effort for retailers even though they trigger poor customer behaviour and have been labelled environmentally irresponsible. The Fin

Cheap money squeezes CBA

The Commonwealth Bank’s profit could take a $350 million hit this financial year from the Reserve Bank of Australia’s cash rate cuts in June and July, and any additional cuts will deliver a harder blow given many of its deposit rates are approaching zero. The Fin

Skills crisis at critical level: CEOs

Employers have warned Scott Morrison that the nation’s training system is “bedevilled by inconsistency” and urgently needs “bolder reforms” to tackle growing skills shortages that are threatening the delivery of an unprecedented pipeline of infrastructure projects. The Aus

No decision on subs maintenance site

Defence Industry Minister Melissa Price says the Federal Government has made no decision on whether 700 jobs earmarked for submarine maintenance in South Australia would be shifted to WA. The West

Australia Post stamp price rise

Australia Post has moved to raise the price of stamps from $1 to $1.10 to apply from January next year to ‘‘support the sustainability’’ of its letter business. The Fin

Qantas boss warns climate hysteria threatens air travel

Qantas chief executive Alan Joyce has spoken out against climate change hysteria and “flight shaming”, saying additional taxes on airlines could take the world back to the 1920s. The Aus

Lynas calls for US backing of rare earth firms

The US will have to work out a way to offer financial support to rare earth producers if it wants to secure strategic and long-te rm access to a supply of the critical materials, according Lynas Corporation managing director Amanda Lacaze. The Aus

Changes to simplify car sales & repairs

West Australians could soon have three days to back out of any car sale with a finance contract attached, as part of a raft of proposed changes to how vehicles are sold and repaired in the State. The West

New probe into Aussie sheep in Kuwait

The Federal regulator has launched a fresh probe after Australian sheep were allegedly seen in Kuwait outside a regime that aims to ensure the welfare of exported livestock. The West

 

 

The Australian Financial Review

Page 1: The Commonwealth Bank’s profit could take a $350 million hit this financial year from the Reserve Bank of Australia’s cash rate cuts in June and July, and any additional cuts will deliver a harder blow given many of its deposit rates are approaching zero.

Page 3: Legal action by the Australian Energy Regulator against four wind farm owners over the “system black” that plunged South Australia into darkness almost three years ago has added fuel to the federal government’s push to slow the influx of intermittent renewable energy in Victoria.

Page 4: Scott Morrison is ramping up a push to combat the poor rate of plastic recycling in Australia as part of a plan to develop a new policy agenda as well as to ameliorate concerns in the region about Australia’s environmental credentials.

Australia Post has moved to raise the price of stamps from $1 to $1.10 to apply from January next year to ‘‘support the sustainability’’ of its letter business.

A niche visa scheme designed to allow businesses and start-ups to compete internationally to lure highly skilled foreigners to Australia will be made permanent after a 12-month pilot.

Page 6: Treasurer Josh Frydenberg has moved to calm markets and assure the government remains on track to deliver a surplus this financial year, amid the escalating trade war between China and the United States.

Page 15: Woolworths chief executive Brad Banducci says collectables programs are worth the effort for retailers even though they trigger poor customer behaviour and have been labelled environmentally irresponsible.

Page 16: Seven Group Holdings boss Ryan Stokes says the federal government should bite the bullet on high energy prices hitting households and business and consider underwriting construction of a modern coal-fired power station on the east coast.

 

 

The Australian

Page 1: Qantas chief executive Alan Joyce has spoken out against climate change hysteria and “flight shaming”, saying additional taxes on airlines could take the world back to the 1920s.

Employers have warned Scott Morrison that the nation’s training system is “bedevilled by inconsistency” and urgently needs “bolder reforms” to tackle growing skills shortages that are threatening the delivery of an unprecedented pipeline of infrastructure projects.

Page 4: Peter Costello has called for an open debate on whether the superannuation guarantee should be held at 9.5 per cent, declaring that lifting it to 12 per cent would pose “very significant ramifications” for Australia.

Page 5: The federal government will work with universities to develop guidelines to protect against cyber attack and to ensure that sensitive information is protected from foreign interests.

Page 9: Pakistan has urged the UN Security Council to intervene over Kashmir after India revoked the disputed territory’s 70-year-long special autonomy status this week, warning that the shock move risked bringing the rival nuclear-armed nations again to the brink of war.

Page 17: New Zealand’s central bank caught markets by surprise as it issued a deeper-than-expected interest rate cut and suggested it could soon adopt unorthodox policy that may see negative interest rates across the Tasman.

Page 18: Under-fire agricultural landlord Rural Funds Group has called in Ernst & Young as independent investigator of claims made by short-selling outfit Bonitas Research that led to $335 million being stripped off the company on Tuesday morning.

Page 19: British online takeaway food service Just Eat, which bought Australian meals delivery service Menulog for $US687 million ($1.025bn) in 2015, says the group has returned to growth in the June quarter and is making money after adding 3000 new delivery restaurants to its books.

Page 20: The US will have to work out a way to offer financial support to rare earth producers if it wants to secure strategic and long-term access to a supply of the critical materials, according Lynas Corporation managing director Amanda Lacaze.

Page 21: Commonwealth Bank is making a tilt at the burgeoning “buy now, pay later” digital payments space, after striking a deal to acquire a stake in Swedish group Klarna.

 

 

The West Australian

Page 3: The Burswood Peninsula’s burgeoning sporting mecca status has been strengthened by the unveiling yesterday of a giant screen outside Optus Stadium.

Page 5: Sharing indecent images and possessing a weapon would be enough grounds for the Government to kick foreigners out of Australian under plans to strengthen deportation laws.

Page 6: WA families will have to pay more than twice as much for school holiday swimming lessons this summer.

West Australians could soon have three days to back out of any car sale with a finance contract attached, as part of a raft of proposed changes to how vehicles are sold and repaired in the State.

Page 9: The McGowan Government looks almost certain to have the numbers to pass controversial assisted dying laws.

Page 18: Defence Industry Minister Melissa Price says the Federal Government has made no decision on whether 700 jobs earmarked for submarine maintenance in South Australia would be shifted to WA.

Page 22: Jailed internet millionaire Zhenya Tsvetnenko is facing the prospect of another Christmas in WA’s toughest jail with his extradition hearing pushed back yesterday until at least February next year.

Business: Seven Group managing director Ryan Stokes says the Australian mining industry is a global leader in developing and adopting technology and innovation that will sustain and strengthen it for years.

Gold miner Northern Star Resources, Gina Rinehart’s Roy Hill and WA uber prospector Mark Creasy were among those honoured on the final night of the annual Diggers and Dealers Mining Forum in Kalgoorlie.

The Federal regulator has launched a fresh probe after Australian sheep were allegedly seen in Kuwait outside a regime that aims to ensure the welfare of exported livestock.

Three of the most accomplished women in Australian resources will share their experiences with hundreds of school teachers as part of the Resources Technology Showcase 2019 event in November.

WA’s peak farm groups are at loggerheads over proposed changes to laws which would enable the broadacre cropping and grazing industries to raise levies to provide services to industry.

The new joint-venture owners hoping to bring the beleaguered Central Norseman gold mine back into production acknowledge the ageing processing plant needs a major overhaul.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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